The rising consciousness among people regarding fitness and health, on account of the growing incidence of obesity and the surging prevalence of chronic diseases, is pushing up the demand for wearable medical devices. According to the World Health Organization (WHO), 1.9 billion adults were overweight across the world in 2016 and 650 million people were diagnosed with obesity in the same year. As per the global burden of disease in 2017, more than 4 million people were dying every year because of obesity or being overweight.

Owing to the rising prevalence of obesity, many organizations are conducting seminars and programs for augmenting awareness among the masses about health and fitness. This is subsequently driving the expansion of the global wearable medical devices market.

Wearable medical device manufacturers can leverage the opportunities present in various emerging economies for expanding their customer pool and augmenting their revenue. Because of the slow economic growth of these countries, low awareness among the masses about these devices, inefficient export and import operations, and high prevalence of cybercrimes, the sales of consumer electronics remain very low. As a result, many developing nations, such as Colombia and India, are launching initiatives for ensuring that proper and timely medical care becomes accessible to a large portion of the population.

Across the globe, the Asia-Pacific (APAC) region will be the fastest growing region in the wearable medical devices market in the forthcoming years, as per the estimates of the market research company, P&S Intelligence. This will be because of the rapid technological advancements being made in India, Japan, and China, soaring healthcare expenditure, huge investments being made by public and private organizations, growing incidence of chronic diseases, and mushrooming population of geriatric people in the region.

Hence, it can be said with surety that the demand for wearable medical devices will surge sharply in the coming years, mainly because of the growing incidence of chronic diseases and obesity, surging population of older people, and rising public awareness about health and fitness across the world.

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